The Ensign Group, Inc. (NASDAQ:ENSG) Stock Position Cut by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. trimmed its holdings in shares of The Ensign Group, Inc. (NASDAQ:ENSG - Free Report) by 6.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,366 shares of the company's stock after selling 5,060 shares during the period. Oppenheimer Asset Management Inc. owned about 0.13% of The Ensign Group worth $10,695,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC purchased a new position in The Ensign Group in the 1st quarter valued at about $1,909,000. Swiss National Bank boosted its position in The Ensign Group by 0.6% during the first quarter. Swiss National Bank now owns 111,400 shares of the company's stock worth $13,860,000 after acquiring an additional 700 shares during the last quarter. Russell Investments Group Ltd. grew its stake in The Ensign Group by 1.2% in the 1st quarter. Russell Investments Group Ltd. now owns 73,208 shares of the company's stock worth $9,109,000 after acquiring an additional 863 shares during the period. Entropy Technologies LP acquired a new position in The Ensign Group in the 1st quarter valued at $792,000. Finally, State Board of Administration of Florida Retirement System lifted its stake in shares of The Ensign Group by 11.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 24,278 shares of the company's stock worth $3,021,000 after purchasing an additional 2,402 shares during the period. 96.12% of the stock is currently owned by institutional investors and hedge funds.

The Ensign Group Trading Down 2.1 %

Shares of NASDAQ ENSG traded down $3.11 during midday trading on Thursday, hitting $145.68. The stock had a trading volume of 303,106 shares, compared to its average volume of 379,681. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.08. The Ensign Group, Inc. has a 1-year low of $104.18 and a 1-year high of $158.45. The company has a market capitalization of $8.35 billion, a price-to-earnings ratio of 35.27, a PEG ratio of 1.99 and a beta of 0.95. The company has a fifty day moving average price of $149.50 and a 200 day moving average price of $136.70.

The Ensign Group (NASDAQ:ENSG - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The company reported $1.39 earnings per share for the quarter, beating analysts' consensus estimates of $1.38 by $0.01. The Ensign Group had a net margin of 5.84% and a return on equity of 17.21%. The firm had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.07 billion. During the same period in the previous year, the company posted $1.10 earnings per share. The Ensign Group's revenue was up 15.0% compared to the same quarter last year. On average, analysts predict that The Ensign Group, Inc. will post 5 earnings per share for the current year.

The Ensign Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.16%. The ex-dividend date was Monday, September 30th. The Ensign Group's dividend payout ratio (DPR) is currently 5.81%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Stephens lifted their price objective on The Ensign Group from $163.00 to $167.00 and gave the company an "overweight" rating in a research report on Monday, October 28th. Oppenheimer lifted their price target on The Ensign Group from $165.00 to $168.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Royal Bank of Canada increased their price objective on shares of The Ensign Group from $167.00 to $172.00 and gave the stock an "outperform" rating in a report on Monday, October 28th. Finally, Truist Financial boosted their target price on shares of The Ensign Group from $160.00 to $170.00 and gave the company a "hold" rating in a report on Monday, October 28th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, The Ensign Group currently has a consensus rating of "Moderate Buy" and an average target price of $162.20.

Insider Transactions at The Ensign Group

In other The Ensign Group news, CEO Barry Port sold 5,618 shares of the business's stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $150.00, for a total transaction of $842,700.00. Following the completion of the sale, the chief executive officer now owns 53,716 shares in the company, valued at $8,057,400. The trade was a 9.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders sold 11,118 shares of company stock valued at $1,660,200. 3.90% of the stock is currently owned by corporate insiders.

The Ensign Group Company Profile

The Ensign Group, Inc provides skilled nursing, senior living, and rehabilitative services. It operates through two segments: Skilled Services and Standard Bearer. The company's Skilled Services segment engages in the operation of skilled nursing facilities and rehabilitation therapy services for patients with chronic conditions, prolonged illness, and the elderly; and offers nursing facilities including specialty care, such as on-site dialysis, ventilator care, cardiac, and pulmonary management, as well as standard services comprising room and board, special nutritional programs, social services, recreational activities, entertainment, and other services.